SSP Group increases its 2017 interim dividend by 28%

DividendMax Ltd.

SSP Group increases its 2017 interim dividend by 28%


Underlying operating profit1 of £42.8m: up 24.7% at constant currency, and 38.5% at actual exchange rates

Revenue of £1,073m: up 8.1% at constant currency; 19.6% at actual exchange rates

Like-for-like sales up 2.9%: driven by air passenger travel and retail initiatives

Net gains of 3.4%: strong performances in North America and the Rest of the World

Underlying operating margin1 up 30 basis points at constant currency to 3.7%: strategic initiatives delivering well

TFS joint venture added 2.4% to revenue and £3.7m to operating profit, resulting in a combined group operating margin of 4.0%

Underlying profit before tax of £34.7m: up 49.6%. Reported profit before tax of £33.0m

Underlying earnings per share of 4.2 pence: up 40%. Reported earnings per share of 3.8 pence

Interim dividend of 3.2 pence per share, up 28.0%

Encouraging pipeline of new contracts

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